Active BE 0840.519.747Private limited companyOpen bankruptcy

RAPPLA

Abeelseweg 47 ·8970 Poperinge, Belgium· 14 yrs active

Sector: Specialised construction (43310)

Conclusion Checked

A bankruptcy procedure is open for RAPPLA according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €18k and a net result of €-44k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€18k
Net result	€-44k
Staff (FTE)	4.4
Better than sector	14%

Snowflake analysis 5 axes · computed by Checked

10 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 0

Solvency 18

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 21-04-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	8.3%	36.4%	better than 14% of 6387 sector peers
Net result	€-44k	€13k	better than 5% of 6372 sector peers
Equity	€18k	€26k	better than 38% of 6392 sector peers
Gross operating margin	€159k	€32k	better than 91% of 6367 sector peers
Staff costs	€179k	€26k	higher than 94% of 2414 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-30k

- far below sector median

Net profit

€-44k

-335.1% far below sector median

Cash flow

€-37k

-1590.0% far below sector median

Total assets

€216k

+9.7% -69% vs sector

Equity

€18k

-71.2% -96% vs sector

Working capital

€12k

-82.9% -96% vs sector

Employees (FTE)

4

-8.3% 18-22

Staff costs

€179k

+20.2% far above sector median

Income taxes

€0

-100.0% -100% vs sector

Debt

€198k

+47.3% -9% vs sector

Debt ≤ 1y

€177k

+60.7% -17% vs sector

Debt > 1y

€21k

-14.3% -93% vs sector

Current ratio

1.07

-34.8% -58% vs sector

Quick ratio

0.65

-18.0% -67% vs sector

Solvency

8.3%

-73.7% -88% vs sector

Debt / equity

11.01

+411.2% far above sector median

ROE

-247.1%

-1410.2% far below sector median

ROA

-20.6%

-296.6% far below sector median

Interest coverage

-3.61

- far below sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	-
EBITDA	€-30k
Net profit	€-44k
Cash flow	€-37k
Staff costs	€179k
Income taxes	€0
Dividends	-
Total assets	€216k
Equity	€18k
Debt	€198k
of which ≤ 1y	€177k
of which > 1y	€21k
Working capital	€12k
Employees (FTE)	4.4

Ratios (computed)

	2022
Current ratio	1.07
Quick ratio	0.65
Working capital ratio	5.6%
Solvency	8.3%
Debt / equity	11.01
Long-term debt ratio	1.15
Interest coverage	-3.61
Gross margin	-
Net margin	-
ROA	-20.6%
ROE	-247.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €27k · 12.3% Current assets €189k · 87.7%

Equity & liabilities

Equity €18k · 8.3% Debt €198k · 91.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€216k
Fixed assets	21/28	€27k
Tangible fixed assets	22/27	€27k
Current assets	29/58	€189k
Stocks & contracts in progress	3	€75k
Amounts receivable within one year	40/41	€61k
Cash & bank	54/58	€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€216k
Equity	10/15	€18k
Contributions / capital	10/11	€13k
Reserves	13	€45k
Accumulated profits (losses)	14	€-40k
Amounts payable	17/49	€198k
Amounts payable after one year	17	€21k
Amounts payable within one year	42/48	€177k
Trade debts payable within one year	44	€52k
Income statement
Gross operating margin	9900	€159k
Operating result	9901	€-37k
Financial income	75	€764
Financial charges	65	€8k
Result before taxes	9903	€-44k
Income taxes	67/77	€0
Net result for the period	9904	€-44k
Result to be appropriated	9905	€-44k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	LIEN CROMBEZ-DAMBRE RIJSELSTRAAT 132, 8900 IEPER	25-08-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43310)
Legal form	Private limited company(610)
Incorporation	24-10-2011
Status	Active
Postal code	8970
First BS signal	31-08-2023
Latest BS signal	31-08-2023

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

RAPPLA

Abeelseweg 47, 8970 PoperingeAanbrengen van pleister- en stukadoorswerk (inclusief het aanbrengen van een hechtgrond) aan de binnen- of buitenzijde van gebouwen en andere bouwwerken

since 20112.204.537.212

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33313K0160/00T000	Flanders	628 m²	1 · 149 m²	8.2 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

31-08-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Ieper · RAPPLA BV ABEELSEWEG 47, 8970 POPERINGE · event 25-08-2023

21-04-2023